AUDJPY trading within contracting trendines...
Price has been trading within a channel, initially I thought maybe we a re observing a bearish flag and I must see a strong bearish move away from the channel. But price was trading choppy taking a shape of a triangle, and no I am assuming that the wave B is yet to find resistance around the 78.6% level.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.